India is the world's second-largest telecommunications market. It has one of the lowest call tariffs in the world enabled by the mega telephone networks and hyper-competition among them. The telecom infrastructure in India is expected to increase at a compound annual growth rate of 20 per cent during the period 2008–2015 to reach 571,000 towers in 2015.
According to analysts, the sector would generate employment opportunities for about 10 million people – direct employment for 2.8 million people and indirect employment for about 7 million. The total revenue of the Indian telecom sector grew by 7% to INR 283,207crore (US$ 56. 5 billion) in 2011, while revenues from telecom equipment segment stood at US$ 23. 35 billion.
Two major factors responsible for the growth of telecommunications industry are use of modern technology and market competition. The growth of Indian telecommunication sector is highly driven by supportive government policies, emerging new technologies and changing consumer behavior. With significantly reduced call rates and mind-blowing technologies like 3G, Android and advent of innovative products like iPhone, Galaxy tab, it is natural to expect further developments in this space in the coming years.
Undoubtedly, smartphones are going to rule the future handset market and is forecasted to achieve a shipment of 77.5 million by 2015 in the Indian market.
Telecom Industry in India is out of its embryonic stage and the government together with the private sector initiatives is on the path of making India the electronics manufacturing hub of the world. 10 years ago subscribers were made to pay for an incoming call; today they have the freedom to pay for per second of their usage. We, definitely, have come a long way!
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